Dunlop tire investment nearly 1 billion expansion capacity

On July 21, 2016, Sumitomo Rubber Industries, a world-renowned tire company, will invest approximately 150 billion yen (approximately 940 million yuan) to expand its production capacity of car and truck tires in Brazil, and aims to target overseas accelerated expansion. The Japanese company will mainly increase the production of TBR by adding existing facilities to the southern part of Parana State. The project is expected to begin in March 2019 with a daily output of 500. Mainly Dunlop brand tyres will still be produced.

Status and Future At present, Sumitomo Rubber exports its truck and car tires from Japan to Brazil. The speculative plan to produce tires in South American countries will help companies avoid import duties, reduce currency exchange risks, and use local natural rubber and other materials to make their products more competitive. The tire manufacturer currently ranked sixth in the world of Sumitomo Rubber will also invest approximately 56 billion yen. From next year, it will increase its production of passenger tires to 18,000 tires a day. It is expected to be completed by 2019. Currently, Sumitomo Rubber has nearly 15,000 tires. Yield. Its car tires produced in Brazil began in 2013 and also cover sports utility vehicles and pickup truck tires. At the same time exported to Argentina and other places. 　　 Armed with Dunlop Trucks

The Brazilian economy has been falling in commodity prices, but Sumitomo Rubber expects its tire market to expand at a compound annual growth rate of about 2%. With the steady growth of the automotive market expected in the region in the medium to long term, the company has decided to increase production capacity in Brazil and strive to narrow the gap with rivals such as France's Michelin. Sumitomo Rubber's goal is to account for about 10% of its global sales in Central and South America in 2020, and currently the region only accounts for 3-4% of the Group's sales revenue.

Sumitomo Rubber also managed to step up efforts to cultivate emerging economies to the market. The company has released 2013 South Africa factory year and Turkey 2015 project, the company also announced plans to invest about 660 billion yen is expected to start production of South Africa's truck and passenger car tires in 2018, the company also plans to set up sales offices in India, and greatly enhance Your own market share is your goal.

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